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Title: Accounting for social impacts and costs in the forest industry, British Columbia

Business reviews of the forest industry in British Colombia, Canada, typically portray an unequivocally positive picture of its financial and economic health. In doing so, they fail to consider the following six categories of social impacts and costs: (1) direct and indirect subsidies; (2) government support through investment; (3) community dependence; (4) the maintenance of public order; (5) aboriginal title; and (6) the overestimation of employment. Our findings show that conventional economic and financial accounting methods inflate the industry's net contribution to the economy. We make a number of recommendations to address this shortcoming to improve future accounting and reporting procedures.
Authors:
 [1] ;  [2]
  1. Institute of Environmental Studies, University of New South Wales, Sydney, NSW 2052 (Australia). E-mail: rgale@web.net
  2. School of Government, University of Tasmania, Launceston, Tasmania 7250 (Australia). E-mail: fred.gale@utas.edu.au
Publication Date:
OSTI Identifier:
20783321
Resource Type:
Journal Article
Resource Relation:
Journal Name: Environmental Impact Assessment Review; Journal Volume: 26; Journal Issue: 2; Other Information: DOI: 10.1016/j.eiar.2005.02.002; PII: S0195-9255(05)00003-X; Copyright (c) 2005 Elsevier Science B.V., Amsterdam, The Netherlands, All rights reserved; Country of input: International Atomic Energy Agency (IAEA)
Country of Publication:
United States
Language:
English
Subject:
54 ENVIRONMENTAL SCIENCES; ACCOUNTING; BRITISH COLUMBIA; COST; EMPLOYMENT; ENVIRONMENTAL IMPACTS; ENVIRONMENTAL PROTECTION; ENVIRONMENTAL QUALITY; FINANCIAL INCENTIVES; FORESTRY; FORESTS; INVESTMENT; RECOMMENDATIONS; SOCIAL IMPACT